Aircraft Ground Support Equipment Market Analysis

Aircraft Ground Support Equipment Market: North America and Western Europe Estimated to Account for over Half the Total Market Share Through 2027: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)

Stringent Government Regulations to Boost Aircraft Ground Support Equipment Market

The aviation industry has always been under the intense purview of regulatory authorities as it needs to adhere to a number of guidelines issued by them from time to time. These regulations ensure that key stakeholders in the aircraft ground support equipment market develop products that are not only compliant with present guidelines but are future-proof to a certain extent. Some regulations may demand vehicle energy consumption reduction while others might necessitate lesser vehicular emissions. Regulations are far more stringent in developed regions such as North America and Western Europe and manufacturers there are focused on providing high quality products in the aircraft ground support equipment market by way of continuous innovation. Companies are also trying to use alternative fuels in lieu of gasoline as this is anticipated to reduce operational cost and emissions while simultaneously increasing efficiency.

The aviation industry is a prominent component of the GDP in several Latin American countries such as Chile and Brazil and aviation is directly linked to economic growth. The aviation industry has a cyclical nature and is characterized by phases of boom and bust that occur every seven to nine years on average. The lack of demand for luxury goods and services has led to subdued growth in the Latin America aviation industry. Increased air travel has led to ticket prices being slashed dramatically, affecting profitability in this industry and hampering the potential of the aircraft ground support equipment market. The Latin America aircraft ground support equipment market is projected to be worth just under US$ 1 billion by the end of the forecast period.

The financial crisis of 2008-09 has battered economies in Western Europe. Wage increment has been at snail’s pace and most industrial work has been outsourced to lower cost emerging economies, affecting the prospects of the Western Europe aircraft ground support equipment market. The growth of the airline industry (or a lack of it thereof) directly impacts the aircraft ground support equipment market. As the majority of manufacturing jobs have been outsourced, it can be difficult to raise the price of aircraft ground support equipment. Within Western Europe, the greatest potential is predicted to be in Germany, UK, and France as these countries have large airports that function as international transit hubs. An incremental dollar opportunity of approx. US$ 1.4 billion is fuelled by these behemoths in the aircraft ground support equipment market.

Airline travel is growing by leaps and bounds in the dynamic and fast-growing APEJ region with 700 routes having been established already for better connectivity. The International Air Transport Association states that air traffic in the continent rose by more than 8% in 2016 i.e. greater than the average of the previous five years. This represents an immense opportunity for regional governments to invest in adequate airport infrastructure, technology, and equipment. Heavy investment in both the civil and military airline industry makes China the most attractive market in the APEJ aircraft ground support equipment market throughout the forecast period, a 10 BPS loss notwithstanding. China accounted for a market share of just under 55% of the APEJ aircraft ground support equipment market in 2017 and is on track to retain this share for some time to come.

Report Structure

The Future Market Insights report analyses the global aircraft ground support equipment market for the decade from 2017 to 2027. The primary purpose of this informative report is to provide insights into trends and developments observed in the aircraft ground support equipment market that are helping transform businesses of key stakeholders as a whole. The study assesses the market dynamics across important regions that are anticipated to impact the current market scenario and future prospects within the aircraft ground support equipment market over the course of the forecast period. The first part of the aircraft ground support equipment market report comprises the executive summary coupled with a comprehensive definition and the taxonomy of the aircraft ground support equipment market. The market dynamics and the overview follow with the latter in the form of market drivers, restraints, opportunities, and trend analysis. To gauge the popularity of diverse market segments, the BPS analysis and market attractiveness index are given to illustrate the scope in the aircraft ground support equipment market taking the help of vital metrics such as CAGR and absolute dollar opportunity. To focus on the performance of the aircraft ground support equipment market in a specific country or region, Y-o-Y growth analysis and BPS is highlighted with the report delivering a detailed section on the regional adoption and market outlook. The study assesses the Y-o-Y growth along with the major drivers that influence the regional aircraft ground support equipment market.

Aircraft Ground Support Equipment Market Taxonomy

Equipment

Ownership

Power

Application

Region

Passenger Services

Boarding Steps & Stairs

Airport Buses & Transport

Bed/Chair Lifts

Cargo Loading

Container Loader

Belt Loaders

Cargo Transporters

Cargo Dollies

Aircraft Service

Refuelers

Tugs & Tractors

Ground Power Units (GPU)

Air Start Units (ASU)

Lavatory Service Vehicle

De-icing Vehicle

Rescue & Firefighting

Air Conditioners

Others

New Sales

Rental/Lease

Electric

Non – Electric

Hybrid

Commercial

Defence

North America

Latin America

Western Europe

Eastern Europe

Asia Pacific Excluding Japan

Middle East & Africa

Japan

In-Depth Research Methodology

To understand the aircraft ground support equipment market by equipment, power, ownership, application, and region, the revenue generated by prominent manufacturers has been taken into active consideration. The aircraft ground support equipment market report forecast evaluates the total revenue generated by value in terms of millions of US dollars. To provide the most accurate forecast, the current market is sized up as this is imperative for projecting how the aircraft ground support equipment market should develop over the course of the decade. On account of the market characteristics, the outcome has been triangulated on a threefold approach – supply side, economic envelope, and downstream industry demand. All segments of the aircraft ground support equipment market have been studied by BPS to pinpoint the contribution of every individual segment to the aircraft ground support equipment market. This level of comprehensive information is critical to identify all the trends in the aircraft ground support equipment market. A vital portion of the aircraft ground support equipment market report is the analysis of segments in terms of absolute and incremental dollar opportunity for evaluating the scope of opportunity that market players can hope to tap as well as potential resources from a supply perspective in the aircraft ground support equipment market. The absolute dollar opportunity has further been divided into a segmental split in the report. Future Market Insights has prepared the aircraft ground support equipment market attractiveness index to allow companies identify lucrative market opportunities and exploit high-growth segments in the aircraft ground support equipment market.

Competition Dashboard

The final section of the aircraft ground support equipment market report includes a dashboard view of profiled companies in an easy-to-understand format. This enables report readers to compare the current industrial scenario with the contributions of individual stakeholders. It is possible to gain segment specific manufacturer information to conduct a SWOT analysis of companies involved in the aircraft ground support equipment market. Company profiles consist of recent developments, strategies, and financial ratios.